Leslie’s, Inc. (NASDAQ:LESL) Stock Has Average Target Price of $2.85

Leslie’s, Inc. (NASDAQ:LESL) has been assigned an average rating of “Reduce” from the seven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2.85.

LESL has been the subject of several research reports. Weiss Ratings lowered shares of Leslie’s from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 2nd. Wall Street Zen downgraded shares of Leslie’s from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd.

Leslie’s Stock Performance

NASDAQ LESL opened at $0.10 on Wednesday. The company has a market capitalization of $955,332.00, a P/E ratio of -0.00 and a beta of 1.76. Leslie’s has a one year low of $0.09 and a one year high of $12.53. The stock has a 50 day moving average price of $0.53 and a 200-day moving average price of $2.68.

Leslie’s (NASDAQ:LESL) last posted its earnings results on Wednesday, August 12th. The company reported $3.96 earnings per share for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.90). The company had revenue of $458.49 million for the quarter, compared to analysts’ expectations of $503.22 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Leslie’s stock. Sei Investments Co. purchased a new stake in Leslie’s, Inc. (NASDAQ:LESL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 54,851 shares of the company’s stock, valued at approximately $61,000. Sei Investments Co. owned 0.59% of Leslie’s at the end of the most recent reporting period.

About Leslie’s

Leslie’s, Inc is a specialty retailer focused on swimming pool and spa care. The company sells pool chemicals, cleaning and maintenance equipment, pumps, filters, heaters, lighting, safety products, parts, accessories and other related supplies for residential and commercial customers.

Through its retail stores and e-commerce platform, Leslie’s serves pool owners, do-it-yourself customers and professional service providers across the United States. Its offerings include both branded products and private-label merchandise, along with water-testing services, product guidance and other support intended to help customers maintain pools and spas.

Founded in 1963, Leslie’s has developed a nationwide omnichannel retail network and also provides repair and replacement parts for pool and spa equipment.